Hospitals

In Japan, the revenue in the Hospitals market is forecasted to reach US$258.40bn in 2024.
It is expected to exhibit a compound annual growth rate (CAGR 2024-2029) of 4.13%, resulting in a market volume of US$316.40bn by 2029.
When compared globally, United States is projected to generate the highest revenue in the Hospitals market, amounting to US$1.50tn in 2024.
In terms of per capita figures, the revenue generated per person in Japan is estimated to be US$2.11k in 2024.
Japan's hospitals are leading the way in adopting advanced technology and robotics to enhance patient care and improve efficiency.

Definition:
Hospitals are licensed facilities that provide a variety of medical and surgical services, some of which are also provided by other facilities. A distinguishing characteristic of hospitals is “inpatient care,” which refers to services where patients are admitted to a hospital to stay overnight for closer monitoring.

This market includes general hospitals, psychiatric hospitals, and specialist hospitals, which provide various services to patients, ranging from diagnostics, medical and surgical treatments, nursing and specialized accommodation to other medical services. Depending on the specific legal regulations, the medical services provided by hospitals can vary greatly from country to country. Long-term care facilities, ambulatory care providers, and medical retailers are excluded from this market.

Structure:
The Hospitals market is divided into three categories: Inpatient Care, Outpatient Care, and Other Hospital Services. Inpatient Care comprises all the medical and surgical services that are provided to patients who are admitted to a hospital for an overnight stay. Outpatient Care covers all medical and surgical services that are provided to patients without having to spend the night in a hospital. Other Hospital Services includes hospital services that are provided outside of a basic hospital setting, e.g., day-care, long-term care, and home-based care.

Additional information:
The shown KPIs include revenues, average revenue per capita, number of hospitals, density of hospitals, average revenue per hospital, number of hospital beds, density of hospital beds, and average revenue per hospital bed. Market values represent revenues paid to hospitals by the respective healthcare payers (including VAT, if applicable). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

General hospitals, including community, county, and regional hospitals
Psychiatric hospitals
Specialist hospitals, such as maternity clinics and aesthetics clinics

Long-term care facilities
Ambulatory care providers, such as specialist practices and dental practices
Providers of ancillary medical services
Medical retailers and other providers of medical supplies

The healthcare industry in Japan has been experiencing significant growth in recent years. This growth can be attributed to a number of factors, including an aging population, government initiatives to promote healthcare, and advancements in medical technology.

Customer preferences: Japanese consumers place a high value on healthcare and prioritize access to quality medical care. As the population ages, there is an increasing demand for healthcare services, particularly in the area of geriatric care. Patients are also seeking more personalized and convenient healthcare options, such as telemedicine and home healthcare services.

Trends in the market: One of the major trends in the Japanese healthcare industry is the shift towards preventative care and wellness. This has led to an increase in demand for health screening services and health management programs. Additionally, there is a growing trend towards digitalization and the use of technology in healthcare, such as electronic health records and remote patient monitoring.Another trend in the Japanese healthcare market is the consolidation of hospitals and healthcare providers. This trend is being driven by a number of factors, including rising healthcare costs and a shortage of medical professionals. As a result, many smaller hospitals and clinics are merging with larger healthcare systems in order to remain competitive.

Local special circumstances: One unique aspect of the Japanese healthcare industry is the role of traditional medicine. Traditional Japanese medicine, or Kampo, is a form of herbal medicine that has been used in Japan for centuries. While Western medicine is still the dominant form of healthcare in Japan, there is a growing interest in Kampo and other traditional healing practices.

Underlying macroeconomic factors: The Japanese government has been actively promoting the healthcare industry as part of its economic growth strategy. This has included initiatives to increase healthcare spending, promote medical tourism, and encourage the development of new medical technologies. Additionally, Japan's aging population has created a significant demand for healthcare services, which is expected to continue to drive growth in the industry for years to come.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The healthcare landscape in the United States is a complicated one. There are federal health insurance plans for low-income individuals namely Medicaid and CHIP (Children’s health insurance program) and Medicare for seniors and the disabled. Aside from these, people must buy private health insurance or be left uninsured because the U.S. is the only high-income country without universal healthcare coverage. Hospitals in the U.S., therefore, receive payment from multiple payers. Most revenue generated by U.S. hospitals comes from private insurance, self, or other payments. The complexity of this multi-payer system is instrumental to the U.S. having the highest administrative health costs per capita among wealthy nations.